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Thursday, Sep 26
More on Accenture: Dividend hiked by 15%
- In addition to adding $5B to its buyback plan, Accenture (ACN) has raised its semi-annual dividend by 15% to $0.93/share. That gives the consulting/outsourcing giant a yield of 2.47%.
- In addition to its free cash flow (expected to total $3.2B-$3.5B in FY14), Accenture has $5.6B in cash/investments on its balance sheet to help pay for its cash-return efforts, and only $25.6M in debt.
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